Repealed or not in force · As amended up to 2026-08
PART IV.
WINDING-UP OF COMPANIES AND ASSOCIATIONS UNDER THIS ACT.
Preliminary.
124. The term "contributory" shall mean every person liable to contribute to the assets of a Company under this Act in the event of the same being wound up; it shall also, in all proceedings for determining the persons who are to be deemed contributories, and in all proceedings prior to the final determination of such persons, include any person alleged to be a contributory.
Source: India Code